Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC increased its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 946.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 502,983 shares of the real estate investment trust’s stock after acquiring an additional 454,922 shares during the period. Janus Henderson Group PLC’s holdings in Ryman Hospitality Properties were worth $52,455,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RHP. Cooke & Bieler LP acquired a new stake in Ryman Hospitality Properties during the fourth quarter worth about $74,811,000. Hamlin Capital Management LLC acquired a new stake in Ryman Hospitality Properties during the fourth quarter worth about $65,142,000. Norges Bank acquired a new stake in Ryman Hospitality Properties during the fourth quarter worth about $29,448,000. Adelante Capital Management LLC grew its holdings in Ryman Hospitality Properties by 340.1% during the fourth quarter. Adelante Capital Management LLC now owns 348,890 shares of the real estate investment trust’s stock worth $36,403,000 after acquiring an additional 269,623 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Ryman Hospitality Properties by 87.3% during the fourth quarter. Victory Capital Management Inc. now owns 547,639 shares of the real estate investment trust’s stock worth $57,141,000 after acquiring an additional 255,229 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 473 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total value of $45,895.19. Following the sale, the director now owns 2,675 shares in the company, valued at $259,555.25. The trade was a 15.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Colin V. Reed bought 8,231 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $97.54 per share, for a total transaction of $802,851.74. Following the transaction, the chairman now directly owns 832,260 shares of the company’s stock, valued at approximately $81,178,640.40. This trade represents a 1.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by company insiders.

Ryman Hospitality Properties Stock Performance

Shares of NYSE:RHP opened at $100.37 on Wednesday. Ryman Hospitality Properties, Inc. has a 1 year low of $76.27 and a 1 year high of $121.77. The firm has a market capitalization of $6.02 billion, a PE ratio of 22.86, a P/E/G ratio of 2.71 and a beta of 1.55. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. The business’s 50 day moving average price is $90.78 and its 200-day moving average price is $101.50.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.29. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The firm had revenue of $587.28 million for the quarter, compared to the consensus estimate of $546.52 million. During the same quarter last year, the business posted $1.60 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.58%. Ryman Hospitality Properties’s payout ratio is 97.46%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RHP. Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the company an “outperform” rating in a report on Tuesday, May 6th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Truist Financial dropped their price objective on Ryman Hospitality Properties from $133.00 to $127.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Evercore ISI dropped their price objective on Ryman Hospitality Properties from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, Wells Fargo & Company dropped their price objective on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.